Published on 10/24/2016 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $9.08 million capped leveraged notes linked to indexes
By Angela McDaniels
Tacoma, Wash., Oct. 24 – Morgan Stanley Finance LLC priced $9.08 million of 0% capped leveraged notes due July 25, 2018 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
The basket consists of the Euro Stoxx 50 index with a 37% weight, the FTSE 100 index with a 23% weight, the Tokyo Stock Price index with a 23% weight, the Swiss Market index with a 9% weight and the S&P/ASX 200 index with an 8% weight.
If the basket return is positive, the payout at maturity will be par plus 300% of the basket return, up to a maximum settlement amount of $1,330 per $1,000 principal amount. If the basket return is negative, investors will have one-to-one exposure to the decline.
Morgan Stanley & Co. LLC is the agent.
Issuer: | Morgan Stanley Finance LLC
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Guarantor: | Morgan Stanley
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Issue: | Capped leveraged notes
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Underlying indexes: | Euro Stoxx 50 (37% weight), FTSE 100 (23% weight), Topix (23% weight), Swiss Market (9% weight) and S&P/ASX 200 (8% weight)
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Amount: | $9,076,000
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Maturity: | July 25, 2018
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If basket return is positive, par plus 300% of basket return, subject to maximum return of 33%; one-to-one exposure to decline if basket return is negative
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Initial index levels: | 3,076.63 for Euro Stoxx 50, 7,026.90 for FTSE 100, 1,370.80 for Tokyo Stock Price, 8,069.27 for Swiss Market and 5,442.144 for S&P/ASX 200
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Pricing date: | Oct. 20
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Settlement date: | Oct. 27
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 1.8%
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Cusip: | 61768CAY3
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